Compound interest is a very powerful tool for becoming financially free and wealthy. A small amount of money invested and reinvested can become enormous in time. Compound interest is the amount of interest that is added to the principal during the time period. Wealth creation is a long process. Many people are impatient and do not have the discipline to sit tight. If you think long-term, you can achieve great things.
Watch the full episode of How to become financially free and wealthy using the compounding interest or power of leverage?
How to become financially free and wealthy using the compounding interest or power of leverage?
How to use compound interest or power and power of leverage in your favor?
- Invest your money into an asset.
- Get your money back or pay yourself first.
- Move your money into a new asset.
- Repeat the process.
Disclaimer: We are not financial advisors. The content on this website and our YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!
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